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Search Results 0 to 49 of about 59 (some duplicates have been removed)
CSPAN
Dec 30, 2012 7:00am EST
. what tax and spending issues do need included in any compromise. republicans, your number is -- democrats -- independents -- if you are outside the u.s. -- you can also catch up with us on all your favorite social media sites, twitter, facebook, or e- mail us. a very good morning to you. taking to the latest headlines on the fiscal cliff. i will run a few -- through a few of them for you. from "the daily news" -- also "l.a. times" -- i will take to "a "boston globe"" -- "the boston globe" -- the new york post -- the story i want to start with this morning is from politico. that line is -- senate leaders are headed into a critical sunday session of congress with a similar mission to avoid historic tax hikes, setting the stage for a high wire a final act of fiscal cliff negotiating just two days before the country is hit with a series of tough austerity measures. -- that again is from politico this morning. you're getting your thoughts, and we want to hear your message to congress on the fiscal cliff negotiations. the politico story mentioned what was happening on saturday e
KOFY
Dec 31, 2012 11:30am PST
-- raising taxes for everyone. good morning i'm kristen sze >>> and i'm cheryl jennings. katie is the news encouraging? >> reporter: more pressure than news about what the deal might be. this was not the big announcement about an agreement on the fiscal cliff. the president did acknowledge there's been progress and he spoke while surrounded by americans who he pointed out cannot afford a tax hike. a source close to the negotiations we know what might be on the table now this current tenty deal. one, as far as tax hikes are involved -- republican and democrats have agreed taxes would not go up for families that make less than $450,000 a year or individuals who make less than $400,000 a year. as far as unemployment benefits that's could be extended. the president mentioned tuition tax credit extended. where there's still a great divide is automatic spending cuts. the deal on table brokered mostly by mcconnell and biden overnight, would delay those spending cuts for three months. some democrats have said they want them delayed one year. >> still issues left to resolve. but we're hopeful that
ABC
Dec 31, 2012 11:00am PST
a tax hike. a source close to the negotiations we know what might be on the table now this current tenty deal. one, as far as tax hikes are involved -- republican and democrats have agreed taxes would not go up for families that make less than $450,000 a year or individuals who make less than $400,000 a year. as far as unemployment benefits that's could be extended. the president mentioned tuition tax credit extended. where there's still a great divide is automatic spending cuts. the deal on table brokered mostly by mcconnell and biden overnight, would delay those spending cuts for three months. some democrats have said they want them delayed one year. >> still issues left to resolve. but we're hopeful that congress can get it done. it is not done. and so, part of the reason that i wanted to speak to all of you here today is to make sure that we emphasize, to congress, and that members of both parties understand that all across america this is a pressing concern on people's minds. >> reporter: again, on the issue of tax increases and who constitutes the wealthiest of americans. the presi
KRON
Dec 30, 2012 8:00pm PST
, mandatory tax hikes and spending cuts will kick in, impacting every american. senate majority leader harry reid says while negotiations are on-going, the senate will not vote on any plan this evening. elizabeth corridan is monitoring the situation from washington, d-c. senate majority leader harry reid says while negotiations are on-going, the senate will not vote on any plan this evening. the senate will reconvene monday morning, at which point there will be just over 12-hours until the u.s. goes over the fiscal cliff. >>> if nothing is done by midnight monday, mandatory tax hikes and spending cuts will kick in, impacting every american. elizabeth corridan is monitoring the situation and brings us the latest. --reporter pkg-as follows -- " as we gather with so much work undone, guide our lawmakers with your wisdom." the senate convened its rare sunday session with a prayer for progress. the house returned from its holiday hiatus. with less than 48- hours until the u-s economy goes over what's being called the fiscal cliff - lawmakers are locked in a fierce face-off over a set of spending
CSPAN
Dec 30, 2012 10:30am EST
members of the parties on a possible plan for taxes and spending on the new year. will bring you live coverage of the senate on c-span2 started at 1:00 eastern. in the house, the return of 2:00 p.m. you'll be considering a number of pieces of legislation. what the live coverage of the house here and c-span. next, retiring senator kent conrad reflects on his career in congress to. it is currently senate budget committee chairman and was first elected to the senate in 1986. this is about half an hour. >> senator conrad, your farewell speech was yesterday. what is that like? >> it has been great. i had the going away party the night before. a lot of my colleagues were there. then the farewell speech, in which i had a chance to reflect on my service here. but also, to challenge my colleagues to finish the job on the grand bargain to get our fiscal house in order. i laid out the specifics of what i thought would be a genuine compromise between the two sides. it was satisfying. >> why did you decide not to run again? >> many reasons. i have served your 26 years. less than 5% of senators in
FOX
Dec 28, 2012 12:00pm PST
on the table but there are reports of a compromise to raise tax rates for them. both sides say thar are disappointed. >> it is totally a lack of courage to deal with these issues. from washington to wall street there is a sense of gloom but the prospects of deal. here in dc a new furlough warning went out to federal workers, deep spending cuts and tax hikes go into effect for every 1 on new year's eve if congress doesn't take action. kyla campbell, ktvu channel 2 news. >> thanks, if the president and congress are not able to avoid the fiscal cliff experts say people here in california will be hit especially hard because prop 30 voted into law in november will mean higher sales taxes and income taxes on the state's top earners. the fiscal cliff would add to that, hitting all americans with higher taxes. >> i don't know there is a word to describe how pissed the public is going to be, nobody going to be happy to see that happen. >> if taxes go up on everybody it is not going to be a happy time but i think that is inevitably what is going to happen. >> the tax policy center says the lo
KRON
Dec 30, 2012 11:00pm PST
and still no deal on the fiscal cliff. if nothing is done by midnight monday, mandatory tax hikes and spending cuts will kick in, impacting every american. senate majority leader harry reid says while negotiations are on-going, the senate will not vote on any plan this evening. elizabeth corridan is monitoring the situation from washington, d-c. >> reporter: >> as >> as we gather with so much, we need to guide our lawmakers with your wisdom. this evening. >> reporter: the senate will reconvene monday morning, at which point there will be just over 12-hours until the u.s. goes over the fiscal cliff. the senate convened its rare sunday session with a prayer for progress. the house returned from its holiday hours until the u-s economy goes over what's being called the fiscal cliff - lawmakers are locked in a fierce face-off over a set hikes. "we're apart on some pretty big issues." " >> i'm willing to get this done, but i need a dance partner." >> reporter: on n-b-c's meet the press, president obama made a final pitch for his plan to preserve bush era tax cuts for everyone but the we
FOX
Dec 30, 2012 10:00pm PST
the scheduled cuts and tax hikes are expected to go in effect. >> reporter: the negotiations could come down to the final hours. >> reporter: the house and senate convenienced for a rare sunday session in hopes of bridging major impasses in the negotiations. >> those conversations and discussions continue. and we remain hopeful that that will get a breakthrough. >> i think what we'll do is we'll pass a minimalist bill so this we won't go over the cliff. then i think we have to go from there. >> reporter: on nbc's meet the press, president obama made a final pitch for his plan to preserve bush era tax cuts for everyone but the wealthiest americans. >> regardless of partisan districts, our top priority has to be that taxes on middle class families do not go up that would hurt our economy badly. >> reporter: a major sticking point is the level of which taxes should kick in. that has waivered from $200,000 to $1 million. boehner issued a statement that says republicans have made every effort to reach the balanced deficit agreement that the president promised the american people. we've been reaso
CBS
Dec 31, 2012 6:00am PST
the between democrats and republicans continues to be over the threshold of tax increases. president obama campaigned on raising taxes on income over $250,000. while many congressional republicans have pushed back against any tax increases. president obama is placing the blame for the impasse on the gop. >> they say that their biggest priority is making sure we deal with the deficit in a serious way. but the way they're behaving is that their only provide or the is making sure that tax breaks for the wealthiest americans are protected. >> reporter: but senators say there is some movement on the issue. >> there's a lot of give and take going on right now. but republicans don't want to see new revenues -- in other words, democrat tax increases -- being used for new spending. >> reporter: the president has said if there is no deal by the end of the day, the senate should draw up legislation to extend the bush-era tax cuts for the middle class. >> there should be an up-or- down vote. everybody have should a right to vote on that. if republicans don't like it, they can vote no. but i actually t
CBS
Dec 31, 2012 7:00am PST
taxes would increase $2,400 a year for families with an annual income of $50,000 to $75,000. their social security taxes would also go up on average $1,000 a year. and some 2 million jobless americans stand to lose their fed caleral unemployment benefits. in all, the congressional budget office says going over the cliff could cost the country more than 3 million jobs in 2013. we begin our coverage with nancy cordes on capitol hill. good morning. >> reporter: good morning. the senate is set to reconvene in about an hour. we're told negotiations progressed well last night, that the vice president is now heavily involved and that the two sides have moved significantly towards one another on the top issue, which is tax cuts. but the big question is whether they can make it the rest of the way before tonight's deadline. senators filled the halls sunday hoping they'd have a deal to vote on, but just before 6:00, the senate leader sent them home. >> there's still significant distance between the two sides but negotiations continue. >> reporter: those talks hit
CW
Dec 30, 2012 8:30am PST
are still trying to forge a last-minute compromise to save all americans from a tax hook, but a cbs reporter tara mergener shows us, the deal they're thinking about now takes the can down the road again. >> reporter: senate republican leader mitch mcconnell left the capitol tight lipped and smiling after working behind closed doors to avoid the so- called fiscal cliff. >> need progress today, sir? >> reporter: he and harry reid are working on scaled-down agreement that focuses on avoiding a middle-class tax hike. the plan is to present it to the full senate for a vote on sunday and send it to the house and hoax john boehner was at the capitol and left with no comment. both sides remain at odds over the democrat's insistence that the wealthy pay more in taxes. >> the president's tax hook would only fund the government for eight days. americans deserve to know what is the president -- what does the president propose we do for the other 357 days of the year. >> reporter: president obama insists his plan on the table is fair and includes plenty of cuts to government spending. >> we just can't af
ABC
Dec 30, 2012 11:00pm PST
. the one-two punch of tax increases and budget cuts set to go into affect on january 1st. negotiations will continue through the night, and a top man at the nation's capital has been called in to help. our abc news reporter has the latest from washington. >> the clock is ticking. negotiations are on going. at this point democrats and republicans remain at odds. >> regardless of partisan differences, our top priority has to be to make sure that taxes on middle class families do thought go up that would hurt our economy badly. we can get that done. >> president obama called for immediate action, but there was that vote in the senate tonight. >> we are going to come in at 11:00 a.m. tomorrow morning, and we will have further announcements perhaps at 11:00 in the morning. i certainly hope so. >> mitch mcconnell frustrated with the lack of progress called vice president biden in for help. biden is now said to be playing a direct role. >> there is no single issue that remains an impossible sticking point. the sticking point appears to be a willingness or interest or want to close the deal. >
CBS
Dec 31, 2012 5:00am PST
the threshold of tax increases. president obama campaigned on raising taxes on income over $250,000. while many congressional republicans have pushed back against any tax increases. president obama is placing the blame for the impasse on the gop. >> they say that their biggest priority is making sure that we deal with the deficit in a serious way but the way they're behaving is that their only priority is making sure that tax breaks for the wealthiest americans are protected. >> reporter: but senators say there is some movement on the issue. >> there's a lot of give and take going on right now but republicans don't want to see new revenues -- in other words, democrat tax increases -- be used for new spending. >> reporter: the president said if there is no deal by the end of the day, the senate should draw up legislation to extend the bush-era tax cuts for the middle class. >> there should be an up-or- down vote. everybody should have a right to vote on that. if republicans doesn't like it they can vote no but i think there is a majority support to make sure that middle class families are held h
FOX
Dec 30, 2012 6:00pm PST
tonight. they will reconvene tomorrow morning. >> the vote on spending cuts and tax high school thaksd prevent the u.s. from going -- hike, from -- going over the fiscal cliff, still in the final hours. >> the house and senate convened for rare sunday sessions in hoping of bridging major impasses. >> conversations and discussions continue and we remain hopeful that'll get a breakthrough. >> we'll pass a minimalist bill so that we won't go over the cliff and then i think we have to go from there. >> on nbc's meet the press, president obama made a final pitch for his plan to preserve bush era tax cuts for welt healthy americans. >> a mijor sticking point continues to be -- major annual sticking point, the threshold has waiverd from $250,000 to as high as millionion dollar. the country doesn't have a tax revenue problem. t has a spending problem. john boehner issued a statement saying republicans have made every effort to make the balanced agreement that the president promised the american people. we've been reasonable and respondent. the president is the 1 who's never been able to get to
KRON
Dec 31, 2012 4:00am PST
. >> economist there that the combination of automatic spending cuts and tax increases could trigger a new recession. >> and spencer explains how negotiations today must now overcome a " major setback. >> there will be part of it that i find disgusting rest principle which i may have to swallow in the name of compromise. be a rare session on capitol hill. >> the senate will come to order. >> as lawmakers try to avoid the so-called fiscal cliff. >> both sides agreed to push forward. >> i want everyone to know i am willing to go the distance. but i need a dance partner. >> vice-president joe biden departure for mcconnell. >> if is not resolved by midnight tonight tax increases will be for all americans. >> one mom said to me in michigan that is four months' worth of groceries. >> that is gas for me back and forth to work. >> democrats won higher taxes on americans earning more than two of the $50,000 a year. >> republicans want taxes to stay where they are. >> others want to see government spending to inject. >> the president--has said nothing about the addition about the spending of his adm
CBS
Dec 31, 2012 4:30am PST
is resolved by midnight, tax rates for all americans will increase and democrats say it means about $2,000 for the average middle class family. >> one mom said to me in michigan, that's four months groceries. that's commuting back and forth to work and gas for up to three years. i mean, that's a lot of money. >> reporter: democrats want higher taxes on families earning $250,000 a year and over. republicans want tax rates to stay where they are. taxes seem to be the biggest obstacle to a compromise but others want to government -- others want to see government spending put in check. >> the president is doing nothing about the addiction that his administration, he is the spender in chief. >> reporter: president obama says he is willing to do that. >> i offered over a trillion dollars in additional spending cuts so we would have $2 cuts for every $1 of increased revenue. >> senate is in recess. >> reporter: the senate reconvenes at 11 a.m. so as americans celebrate the beginning of 2013 they may wake up wishing it was 2012 when they had more money in their pockets. andrew spencer reporti
ABC
Dec 31, 2012 5:00am PST
president biden to try and jumpstart an ice breaker before higher taxes and deep cuts. the senate recon convenience 8:00 our time, stay tuned. -- we'll have the latest in 30 minutes. >>> leaders in the house and senate reached a deal on one thing, they'vekn%ñ agreed to extend the 2008 farm bill for one more year that expired in october. thistvp' means milk prices could have doubled to $7 a gallon next month. the deal prevents the government from returning to a prices. some call this the dairy cliff that now we are not going to have to fall off. >>> the notorious party night of new year's eve is hours away. law enforcement has already been cracking down on drunk drivers. chp arrested 123 people for dui over the weekend in the bay area that. number is down from the same time last year, when officers busted 161 drivers. there were no fatal crashes over the past two days this time last year. two people have been killed on bay area roads. >>> to help prevent you from getting a dui transportation companies are offering lots of perks for new year's eve if you you are coming into san francisco
FOX
Dec 31, 2012 7:00am PST
the fiscal cliff. if lawmakers don't reach a solution by midnight tonight, east coast time, income tax rates will increase for all americans. coming up at 7:15, the two key players who are now in charge of negotiating a last-minute deal. >>> time now, 7:03. grocery stores and other stores in alameda county who sell food and alcohol won't be able to give you plastic bag. in place of the single use bags, stores can use paper or reusable bags but will have to charge you at coast a -- at least a dime per bag. those who collect food stamp the won't have to pay -- stamps won't have to pay. >>> minimum wage goes up to 10.55 tomorrow. university of kentucky economists say that's hurting the youngest members of the work force because employers don't want to pay teenagers more than $10 plus benefits to get their first jobs. >>> just over an hour ago, millions of people in sydney, australia, rang in 2013. [ cheers ] >> crowds gathered to watch the skyline explode with fireworks. 1.5million people were expected to be at the celebration with millions more watching on tv from home. [ cheers ] and people i
FOX
Dec 31, 2012 5:00am PST
income tax rates will go up for all americans. coming up at 5:15 the two men leading the last minute negotiations. >>> the chp is trying to figure out what led up to a crash that killed a motorcycle rider in concord last night. it happened just before 6:30 on kicker pass road. the chp says no other cars were involved and it's unclear why the driver lost control. >>> three people are recovering after a crash after a car crashed into a concord funeral home. it happened yesterday afternoon at the we met brothers concord funeral chop ill on clayton road. it appears two teens were racing when they lost control and crashed their car into the building. the teens were taken to the hospital with serious injuries. a 66-year-old man who was inside the building has a broken leg. police interviewed a second driver that may have been racing the teens but have no arrests yet. >>> police officers are out there watching for drivers that may be celebrating too much. the holiday enforcement started last friday. it will continue through tomorrow night. the dui check points are in place to catch impaired
FOX
Dec 29, 2012 7:00am PST
. both houses will reconvene tomorrow. some republicans suggest racing taxes for those earning at least a million, the president and democrats want increases on making more than $250,000 a year. >> we can't afford a politiclyself inflicted wound to the economy. the economy is growing but keeping that way means the folks you sent to washington have to do their jobs. >> the president said congress must meet the new year's deadline and pass a balanced plan. >> the president's proposal to raise taxes on the top 2% won't even pay one third of the interest that's owed on this 16 trillon dollar debt. >> ouri senator gave the gop address saying the president's tax hike would only fund the government for eight days. >> here is what could happen if no deal is reached. out of work americans will loose their extended benefits, california would be hit the hardest, 400,000 will loose benefits and the bay area will certainly feel the sting, more than 22,000 people in alameda and contra costa could be affected. california is bracing for a stalemate. the state controller's office is advicing departm
CBS
Dec 30, 2012 7:30am PST
tax hike. the plan is to present it to the senate for a vote on sunday and then send it over to the house. house speaker john boehner was at the capitol but left with no comment. the democrats insist the wealthy pay more in taxes. >> the president's tax hike would only fund the government for l days. americans deserve to know what does the president propose we do for the over 357 days of the year. sdmrsz -- >> president omaba insists his plan on the table is fair and includes plenty of cuts to government spending. >> we just afford a wound to our economy. >> if sunday's negotiations don't pan out the president says he's red to -- he's ready to propose his own scaled back bill that would preserve expiring unemployment benefits. >> with the deficit ticking higher -- >> it's disgusting. >> miss ing in all the last minute negotiations is talk of the 1.2 trillion in mandatory spending cuts scheduled to go into effect tuesday. >> the fiscal cliff count down is the big topic on this morning's fogs the morning -- face the nation. there's two big visitors. it starts right after this
FOX
Dec 31, 2012 6:00am PST
coast time, income tax rates will go up for all americans. coming up at 6:15 the new numbers that are being thrown around this morning. >>> it is 6:07. starting tomorrow alameda county grocery stores and most other stores that sell food or alcohol cannot distribute plastic bags to their customers. in place of the single use bags stores are allowed to use paper or reusable bags but they have to charge at least a dime for each bag. customers are being encouraged to bring their own bags when shopping. restaurants can still provide plastic bags to customers. >> i'm trying to remember. >> some of the places i go they give you a discount. they give you five cents if you bring your own bag. >>> time now 6:08. tara is back to talk about your commute. you're also telling us about free rides for new years eve. >> that is right. muni is free from 8:00 tonight until 6:00 tomorrow morning. cal tran free after 11:00. bart also offering extended service until 3:00 in the morning. definitely don't drink and drive you have no excuse. let's take a look at highway 4. you can see the headlights
CBS
Dec 27, 2012 7:00am PST
. with just five days until the combination of automatic tax increases and spending cuts that could send the economy back into recession, mr. obama wants congress to take the lead in getting the job done. the senate convenes later today and senate majority leader harry reid told members to be prepared to address fiscal cliff issues through the weekend. reid is working on his own plan to get lawmakers to come together before the end of the year deadline. that plan would likely include letting the bush tax cuts expire for households making more than $250,000 a year and short term spending cuts instead of the massive long-term cuts that would happen if there is no deal. after our wednesday conference call, house republican leaders issued a statement saying they were waiting for the democratic controlled senate. the house will take this action on whatever the senate can pass they said but the senate first must act. in a sign of public frustration over the lack of a deal the coffee giant starbucks is asking employees in approximately 120 washington area cafes to write t
FOX
Dec 24, 2012 7:00am PST
from the fiscal cliff. talks to try to prevent automatic tax hikes and spending cuts won't resume until thursday. andrew spencer has the very latest. >> reporter: some republican lawmakers says president obama wants the country to fall off the fiscal cliff. >> we were gonna go over the cliff before. we are gonna now because that's what the president wants. >> reporter: house speaker john boehner failed to get enough vote for his plan b on thursday. that would have raised taxes on people making more than a million dollars a year. on friday, they left town with no deal. >> i've asked leaders of congress to work toward a package that prevent as tax hike on middle-class americans, protects unemployment insurance for 2 million americans and lays the groundwork for further work on both growth and deficit reduction. >> raising taxes could still be red ink as far as i can see and it would hurt jobs. >> reporter: some long-time lawmakers are dismayed by the perpetual gridlock. >> i feel it's more likely we'll go over the cliff than not and if we allow that to happen, it will be the most colossal
KRON
Dec 28, 2012 7:00am PST
will look for common ground to get automatic tax increases and spending cuts from kicking in. >> their only four days to reach an agreement or you as a common goal of the so- called fiscal cliff we are here in washington working all the members of the house of rand representatives are all watching movies and watching the kids play soccer and basketball and doing all kinds of things. they should be here until the president i would be happy to look at whatever he proposes but the truth is we are coming up against a hard deadline and as i said this to the conversation we should add months ago. >> democrats want to extend the bush era tax cuts to everyone except those americans making $250,000 or more year. >> many republicans are made against any tax increases. >> russian president of vladimir putin aside a bill banning americans from adopting russian children. >> the law also blocked dozens of russian children or currently in the adoption process by american families from leaving the country. >> putin says the bill is retaliation for an american law that calls for action against russian offic
FOX
Dec 28, 2012 7:00am PST
are meeting since november. economists hope they'll come up with a plan to avoid automatic tax increases and government spending cuts. some fear the meet as good just for show, however a big development with the senate minority leader. he spoke directly with the president for the first time in negotiations. >> i told the president we would be happy to look at whatever he proposes but the truth is we're coming up against a hard dead line here and as i said, this is a conversation we should have had months ago. >> the main sticking point is who should pay more in taxes. democrats want a hike on households making more than $400,000 a year and republican aids say their leaders might get on board with that offer. >>> meanwhile if they aren't able to avoid the fiscal cliff people here in alabama will be especially hard hit. that's because prop 30 will soon mean higher sales taxes and higher income taxes on the state's top earners, the fiscal cliff would add to that hitting all american with higher taxes. >> i don't know if there's a word to describe how upset the public is going to be. nobody'
ABC
Dec 26, 2012 4:00pm PST
republicans. if there is no break through, every american will be hit with higher taxes. a schoolteacher with two kids and a salary of $43,000 will face a tax hike of $3,000. the super rich like lebron james would see his tax goes up more thanhóÁ$2.4 million this year. >> i want us to not go over the cliff. i think it hurts the country. >> middle class people shouldn't have tax goes up?(héq $2,000 a year, we should start making some meaningful reform on debt. >> going over the fiscal cliff mean morz than higher taxes. federal workers at risk of being furloughed and unemployment benefits for two million people could expire saying the nation will fall back into a recession. there are reports hairy reed is now working on a smaller deal than the one the president negotiate yatesed with house speaker john boehner. >> the package reportedly preventing tax increases on middle class families and cut some spending programs but it's not clear such a plan could pass. >> star bucks is using its coffee cups to jump into washington politics. the world's biggest coffee chain asking employees and caf
KRON
Dec 27, 2012 4:00am PST
of the so-called fiscal cliff, a series of tax hikes and spending cuts set to take effect in five days. >> there still seems to be no signs of a compromise acting congress and president obama. >> president obama return to washington to get the credit shortage of medication. is a video the president leaving. >> house and senate members are expected to reconvene today as well. >> without a budget agreement, automatic tax increase is for everyone in the spending cuts will be triggered in the new year. >> the main dispute continues to be over taxes. >>, of the kron 4 morning news changes are coming to a netflix starting next year. how the company wants to get users more connected socially and next. >> the web more attractive weather and headlines when we come back >> wexcome backed. >> time is 4:10. >> net flicks is adding more social features to it streaming media service in the u.s.. >> the company confirms that the congress passed a bill that drops restrictions on sharing user's video rental history. these revisions now with president obama signature before becoming law. >> lifting the
FOX
Dec 26, 2012 6:00am PST
and tax rates have gone up on all americans and they would then be voting for tax cuts as opposed to tax increases they would now have to reach a deal. put the president and the democrat particular party would win. >> he gets to cut the military and he gets to blame republicans for it. >> also if congress does not reach a deal by monday as many as 500 million taxpayers will not be able to file until march and i can explain why when i see you next. tile la campbell -- kyle la calm about a ktvu channel 2 morning news. >>> they are asking all workers from d.c. washington area stores to coliseum together and he said he wants to send a respectful but potent issue. we have more times with the same message. >>> the u.s. base was the target of a suicide attack in afghanistan. a car bomb went off at the gates of camp chapman. the blast skilled a delivery guard and 6 children. the taliban is claiming responsibility. >>> more than 10 people people voted to support it but more than two-thirds voted not to have it but some say it passed too quickly. it protects some rights but underminds others. >>>
KRON
Dec 28, 2012 6:00am PST
congressional leaders will look for common ground to keep automatic tax increases and spending cuts from kicking in. they only have four days to reach an agreement or the u.s. economy will go over the so- called fiscal cliff. that's when automatic tax increases and spending cuts would take effect. reaching a deal before then what be easy. right now both sides are involved in a high-stakes political blame game. >> we in washington are working while the house of representatives are out watching movies and watching the kids play soccer and basketball and doing all kinds of things. they should be here. >> i told the president i would be happy to look at whatever he proposes but the truth is we're coming against a hard deadline here. i said this is a conversation we should have had months ago. >> former president george h. w. bush is still in intensive care at a hospital in houston with a stubborn fever. the family is, that he will be out of the i see you sound. the chief of staff said supporters a note yesterday including " he would ask me to tell you please put the sharks back in the closet " the 8
KRON
Dec 31, 2012 7:00am PST
spending cuts and tax increases the triggering a recession. >> andrew spencer is lanes of negotiations they must know, " a major setback. >> as well marked makers or on avoiding the fiscal cliff. talks get " a major setback over social security benefits. both sides agree to push for. >> i wonder want to know i want to get this done. i need a dance partner. >> vice president joe biden is apparently that person for which mcconnell. >> the two are taking over talks. if nothing is resolved by midnight tonight. tax breaks for all americans will increase. democrats say it will mean about $2,000 for the average middle class family. >> a michigan woman said to me that is a month worth of groceries. also gets up to three years transportation to and from work. >> democrats want taxes to increase for americans earning over to london $50,000. republicans want texas a the same period >> republicans want taxes to stay the same period >> i offered over a trillion dollars in additional spending cuts so that we would have $2 of spending cuts for every $1 of increased revenue. >> the senate reconvenes a
KRON
Dec 28, 2012 4:00am PST
of had to go. >> democrats want to extend the bush era tax cuts to everyone except those americans making $250,000 or more per year. republicans remain against any tax increases. >> most americans just wasn't begun. >> people are tired. >> islamic not reach a deal by january 1st many economists are concerned it could lead to another recession. >> ibm ed paine reporting. >> and other nationals former president george h. w. bush is still in intensive care at houston hospital this morning dealing with the stubborn fever. >> the former president's family is confident that he will be out of the i see you soon. >> the former president's chief of staff said supporters a note yesterday including this " he would ask me to tell you to please put the cards back in the closet in cold. >> the 88 year-old has been an apostle for the month, after first coming down with bronchitis. >> coming up on the kron 4 morning news amazon setting records of holiday season. >> amazon is customermore when k welcome back. the time is 4:09. >> amazon is announce this year's holiday sales are at their biggest ever. >> c
KRON
Dec 29, 2012 7:00am PST
to bring to the floor a basic package. this will protect the middle class from a high tax hike. >> senate leaders are trying to work for a solution. >> we will work to see if we can do this within the next 24 hours. i am very hopeful and optimistic. >> i will do all i can, but everyone, whatever we come up with some people will not like it, and some people will like it less. >> senate majority leader's stated if they did not want to meet on saturday. house speaker john boehner stated that he would not bring anything to the house until it has been passed by the senate. >> nearly every american will see their taxes go up and all of the unemployment benefits will expire. >> people sit down and discuss things and they try to come up with a solution. if they are disappearinthere ars then they sit down and work on those disagreements. we need to sit down and work on this. >> the time now is 8:06 a.m.. we will be right back. >> the red cross says said it responded to 113 large- scale disasters in 42 states this year. if that included super storm sandy with it says was the biggest response and fi
ABC
Dec 31, 2012 7:00am PST
taxes along with the new year. jonathan karl is in washington. good morning, jon. >> reporter: good morning, dan. with taxes set to go up at the stroke of midnight. talks went late into the night and will continue this morning. as washington teeters on the edge of the fiscal cliff, there is still no deal. as talks continued overnight, a voice of frustration erupted on the senate floor. >> something has gone terribly wrong when the biggest threat to our american economy is our american congress. >> reporter: the republican and democratic senate leaders negotiated all weekend long. the talks hit a brick wall. harry reid saying he was unable to even counter the latest republican offer. >> at this stage, we're not able to make a counteroffer. it appears that there are things that stop us from moving forward. >> reporter: that prompted mitch mcconnell to call for a lifeline. >> i also placed a call to the vice president to see if he could help jump-start the negotiations on his side. i want everyone to know i'm willing to get this done. but i need a dance partner. >> reporter: and with t
ABC
Dec 31, 2012 6:00am PST
, without within the new year rings in automatic tax hikes for all americans plus deep cuts in federal spending. things are quiet on capitol hill now. both houses taking an overnight break, coming up in two hours, senators will resume their efforts. last night senate leaders called on vice presidented by tone try and broker an ice break we are house -- >>> leaders of both parties in the house and senate have reached a deal on one thing, they've agreed to extend 2008 farm bill for one more year that bill expired in october. milk prices could have doubled to $7 a gallon next month if lawmakers had not extended it. the deal prevents the government from returning to a 1948 formula, some called it the dairy cliff. >>> back here concord believe a street racing teenager lost control of his car and slammed into the lobby of a concord funeral yesterday. the driver was racing a car on clayton street, his car smashed through the front of the funeral chapel. the driver and passenger suffered serious injuries, elderly man in the funeral home's lobby suffered minor injuries. >>> notorioustzg partyi
CBS
Dec 28, 2012 6:00pm PST
benefits to the jobless and to maintain the bush-era middle class tax cuts but at this point can we avoid the "fiscal cliff"? it is still possible but experts say with every passing hour it becomes more difficult. >> well, we're now at the last minute. the american people are not going to have any patience for a politically self-inflicted wound to our economy. not right now. >> reporter: congressional leaders left the white house after trying to negotiate an 11th hour deal to avoid the "fiscal cliff" of tax hikes and spending cuts that begin on january 1. the president emerged shortly after admitting no deal had been reached at least not yet. >> we had a constructive meeting today. senators reid and mcconnell are discussing a potential agreement where we can get a bipartisan bill out of the senate over to the house and done in a timely fashion. >> reporter: the senate is in session today and is expected to return on sunday along with the house. >> we are engaged in discussions, the majority leader and myself and the white house, in the hopes that we can come forward as early as sunday and
ABC
Dec 30, 2012 5:30pm PST
left. and if no agreement, taxes will go up for all americans. in fact, the average american family would see a tax increase of more than $3,400. as congress convened, even the senate chaplain praying to avoid what the president first called "self-inflicted wounds." let's bring in jon karl. he's been at his post every step of the way. the source has told you the vice president has been called in on this. >> reporter: that's right. i'm told the vice president is now playing a direct role in these negotiations, trying to get to a deal, a last-minute deal, a key player in the final hours. president obama set off the high-stakes weekend scramble friday night, imploring congressional leaders to take action immediately. >> the american people are not going to have any patience for a politically self-inflicted wound to our economy. >> reporter: with that harry reid and mitch mcconnell launched a last-ditch effort to craft a bipartisan plan to that would at the very least, protect most people from a big tax hike going into effect on new year's day. the senators and their staffs negotiated a
KRON
Dec 31, 2012 6:00am PST
and tax increases could trigger a new recession. andrew spencer explains how negotiations today must now overcome a " major setback. " >> talks on briefly hit a major setback over social security benefits. both sides agree to push for. >> i want everyone to know that i'm willing to get this done but i do need a dance partner. joe biden is that person. top-level resources stated that the two were talking and if nothing is resolved by midnight then the taxes will increase for everyone. >> one mom and mexican stated that this is about 1 months of groceries. >> democrats want the tax is to be raised for people making too much as $50,000 a year more. other people want to see government spending put in check. >> the president is doing nothing about the eviction of his administration. he is the spender in chief. >> i offered over a trillion dollars in addition to spending cuts. this is a way that we can have increased revenue. >> the senate recompense at 11:00 a.m. so as americans celebrate 2013, they may wake up and state that they wish it was still 2012 when they had more money in their pocke
KRON
Dec 24, 2012 7:00am PST
is running out to avert the fiscal cliff of tax increases in domestic programs cuts in january. some members of congress are concerned that a deal can't be reached. >> we are going to go over the cliff now because that is what the president wants. you cannot negotiate with someone who does not want to negotiate. >> president obama is and why you right now and will be cutting his vacation short. we will see the taxes go up if we do go over the fiscal cliff. palin a nurses' strike thousands of nurses walked off the job today at nine bay area hospitals. nurses with a center helps halt the bay summit medical center are asking for a negotiated labor contracts and improvement in patient care protections. such as staffing levels, a health benefits, and sick days. strikers a hospital officials want to reduce the number of paid sick days for nurses and technicians while maintaining health care coverage for those who work fewer than 30 hours a week. >> we're looking at power outages this morning all across the bay area. here's a look at the numbers. in the north bay 1075 people are without power. on t
CSPAN
Dec 28, 2012 10:30pm EST
, on pure research. in other words, i want you to take my tax payer money and go out and try to do something that you may not be able to do. in fact, i call it research only if half the people think is impossible. if most of the people think it is possible, then you are doing development. you are not a research organization. if you took anybody out of nasa, out of engineering, i don't care if they were head of nasa or a secretary or a shop guy, when jfk got up and said 21 days after alan shepard made this little flight, that we are going to go to the moon before 1970, everybody jumped up and down. you know why? multi-year funding. wow, we are going to have jobs for nine years. yes, we can do it. this is cool. we will beat the russians. everybody was real excited. grab any person, taking into a private room and locked the door and say to him, what is your net worth? tell me what you are worth. and then ask him a question. would you bet everything that you are worth that we will actually do that, go to the moon and back safely before 1970? you would have gotten a small minority. therefore, by
CSPAN
Dec 31, 2012 7:15am EST
! is right there. microsoft is the biggest. intuit is there, the tax calculating company, and a few others. they, these data centers for whatever reason tend to cluster. i mean, part of the reason is that if energy prices are low, you'll get a lot of these data centers coming in. but you have other factors that sort of come into play, one is connectivity to the fiberoptic. there's a lot of fiberoptic in quincy. they put that in at one point. and other things like tax breaks are very important to these companies. we mentioned that they receive lucrative tax breaks in that area. it's also sort of a nexus of factors, and the result of companies sort of sifting through those factors in some way i don't completely understand. those are some of the factors though. they tend to produce real bunches of these data centers in certain parts of the country. >> host: so are these desired by communities, to get a data center? is it like a factory opening up in a community? >> guest: it's a mixed bag. i mean, you know, that's a really good question. i mean, i think on the level of town leadership they're
ABC
Dec 27, 2012 7:00am PST
. we heard a lot about taxes that will increase. what do we really mean? >> reporter: everybody will see their taxes go up. here are three examples. you have a teacher with two kids making $43,000 a year. taxes will go up by $3,000. a member of congress, they make $174,000 a year. their taxes will go up just next year, $7,500. and lebron james, you know, the guy made about $53 million last year. his taxes, just next year, would go up $2.4 million. >> ouch. >> reporter: poor lebron. >> indeed. we say it's five days away. but the idea is, we can't get this done if they reach a deal 15 minutes before the deadline clears. are we already past the point of no return? >> we are already virtually certain that we're going to go over this fiscal cliff. these guys suddenly came to an agreement over the next few days, they could pass it at the beginning of january. and we could not see many of the impacts. but i wouldn't be optimistic about that. >> jonathan karl, i have a feeling i'll see you here around 7:07 tomorrow morning. thank you, jon. >> amy? >>> let's go to paula faris with the ot
CBS
Dec 27, 2012 5:00am PST
trying to work out a deal to avoid the "fiscal cliff." higher taxes will give the average american about $1,500 less to spend next year. and economists believe the $110 billion spending cuts will result in more layoffs. senator harry reid has a plan to keep taxes low for everyone making less than $250,000 a year as well as short term spending cuts until a bigger dooley can be reached. >> it is going to be a patch because in four days we can't solve everything. >> reporter: while senators try to brave the bad weather that has hit many parts of the country, in order to make it back here to washington, house leaders say they will not leave home unless the senate passes its bill first. >> good morning? >> reporter: house republicans scuttled the proposal from speaker john boehner last week and 48% of americans say they are to blame if no deal is reached. >> both sides here have a problem with the american people and it's why congress has 11% job approval rating. >> reporter: republican pollster frank lund says americans are fed up with gridlock in washington. >> there is no compromise and i
FOX
Dec 24, 2012 5:00am PST
-- transferred. it is known as a double irish where large payments are transferred in order to pay lower taxes. >>> and in the deadly san bruno explosion, the san francisco chronicle reports the money will pay for regulatory charges but they fear a criminal charge. so consumer groups turned down the deal, eight people died, 38 homes were destroyed in the 2010 explosion. >>> some city offices will be closed due to the christmas eve holiday. san carlos is closed through january 22nd and all bay area city offices are expected to close tomorrow for the christmas holiday. bay area post offices will close but post office says most locations will close at noon but male delivery will be delivered quickly and post offices will be closed on new year's day. >>> who is checking bart, is it on holiday schedule? >> that is right and tomorrow as well will be on holiday schedule and trains will be 20 minutes apart if you have to get out and about on christmas day. right now we will look at 880 southbound, we have this accident which has cleared over to the shoulder, fedex versus a car and i just want to make
CBS
Dec 27, 2012 6:00am PST
the so-called "fiscal cliff." there are just five days left until economists say across-the- board tax increases and spending cuts threaten to send our committee over the so- called "fiscal cliff." today the president heads back to washington to try to strike a deal with lawmakers. congressional leaders are urging the senate to consider a bill that is already passed in the house that would extend existing tax cuts. >> meantime, the us treasury department says it will start taking steps to prevent the government from hitting the $16.4 trillion debt limit. >> new evidence the job market is improving. over the past month, the number of people seeking first-time unemployment benefits dropped to the lowest level since 2008. the labor department says weekly applications fell 12,000 to a seasonally adjusted 350,000. but experts warn the christmas holiday may have disrupted the figures. >>> and chicago wins the dubious award of having the nation's most expensive metered parking. starting new year's day park meters in downtown chicago will cost $6.50 an hour. that's up from $5.75. the city leas
KRON
Dec 26, 2012 4:00am PST
to reconvene on thursday. without an agreement, automatic tax increases for everyone and deep spending cuts will be triggered in the new year. >> we will be right back. >> for the rest of today we are looking for showers. tomorrow there will be lots of sun shine. satellite and radar shows a there will be a big storm for the mountains. right now most of the showers are starting to decrease. futurecast 4 shows that some showers will be in the south bay but that will be scattered. by the late afternoon we may see sunshine as we start to clear out the skies. the sierra forecast shows a they have a winter storm advisor. they are expected to receive three to 6 in. of snow. this is great news for snow boarders and skiers. >> the highs for today will be in the mid '50s for oakland and the east bay. it will be 53 degrees for downtown san francisco. here is a look at your 7 day around the bay forecast. decreasing clouds for the afternoon and may be a bit brisk today. friday and saturday will be unsettle but on sunday will have clearing skies around mid '50s. on monday it will be sunny and higher in t
KRON
Dec 30, 2012 8:00am PST
on both sides have the responsibility but the president's tax hike will not do much to address the debt. >> the top 25 of american will not even pay one-third of the annual interest that is owed for this 16 trillion dollar debt. >> washington will return before the end of the year but they are likely to be burning the midnight oil. >>> we'll take a quick break on kron 4 news weekend. but first, let's take a live look outside at san francisco from our roof cam here on van ness avenue. let's take a quick look outside this morning at san francisco. outside this morning at san francisco. oh, you have a keurig vue brewer? oh, it's great! now i can brew my coffee just the way i love it. how do you do that? well, inside the brewer, there's this train that's powerful enough to carry more coffee and fresh water to make coffee that's stronger and bigger... and even hotter! actually, i just press this button. brew the coffee you love -- stronger, bigger, or hotter -- with the keurig vue. oh, did you want it? yea we'll split it. [ female announcer ] made fresh, so light, buttery and flakey. that's
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